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Rate of tax on Profit of future & Option (equity stock)

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(Querist)
01 February 2011 Dear Experts,
I want to know the rate at which profit earned from future & option (equity Stok)will be taxable?

Whether by normal tax slab?

alos let me know under which head above income to be consider? whether income from business or gain or from capital gain?

Thanks in advance..

Regards,
Sushil.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 February 2011 It is non speculative business income taxable at slab rates.
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Guest

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Guest (Expert)
01 February 2011 taxable as per normal rates
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